Vacation of 21st Street:
The proposed vacation, including all associated appraisals and proposed public benefits, will be subject to the review of the FERC pursuant to Chapter 82 of the City Code.
The Administration has met with representatives of the Seagull Hotel regarding the proposed amendments to the LDRs that would apply to development on the site. The amendments would include changes to setback and height requirements applicable to the property. To date, a draft of the proposed LDR amendments has not been provided.
City Charter Analysis:
The City Attorney’s Office is currently evaluating the applicability of City Charter Section 1.03, governing the disposition of City property, to the proposed vacation of the 21st Street ROW. The City Attorney and City Administration are continuing to study the information provided by the Developer as well as the history of the property.
The Applicant has prepared an appraisal (Attached) of the market rate value of the ROW to be vacated. The City will be preparing its own appraisal at the Applicant’s expense and providing the results at an upcoming FERC Committee.
In exchange for the vacation of the portion of 21st Street, the Applicant is proposing granting the City a 25 feet wide perpetual roadway and pedestrian access easement across the vacated City ROW, as well as public benefits to be negotiated as part of the review of the application by the City.
Results from the 2019 Resident Survey regarding Satisfaction with Perceptions of the City show that 47% of residents rated City efforts to plan for growth as very satisfied/satisfied. In order to continue maintaining excellent standards in this area, the City will be reviewing the request from the Applicant to vacate a portion of the City's ROW.